The global hair removal wax market size was US$ 3.0 billion in 2021. The global hair removal wax market size is estimated to reach US$ 6.0 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.2% during the forecast period from 2022 to 2030.
Hair removal wax is a product that helps in removing hair from the roots of the human body by using a process called waxing. Hair removal wax can be used on almost any area such as the face, eyebrows, arms, abdomen, intimidate areas, and legs.
Factors Affecting Market Growth
The rise in demand to maintain a groomed physical appearance by youngsters is the primary factor driving the demand for global market growth.
The increasing standard of living, disposable income, and transforming lifestyles are improving the purchasing power of customers, which is increasing the sale of hair removal wax. Thus, driving the global hair removal wax market growth.
The growing demand for pre-made waxing strips, as people can avoid the hassle of applying and heating wax while removing hair, is forecast to offer lucrative growth opportunities for the global market.
The COVID-19 pandemic is a major factor driving the need for at-home grooming techniques, which results in the rise of the hair removal wax market.
Impact Analysis of COVID-19
Due to the COVID-19 pandemic, the global cosmetic industry saw a sharp slowdown in sales owing to strict government regulations for manufacturers and mass store closures in 2020, and is expected to last through the end of the year. During the pandemic, across several countries, consumers are looking to spend less on cosmetics such as skincare and hair removal products, and more on discretionary products including clothing or footwear. Thus, all these factors had a negative impact on the global market.
North America is the leading region in the hair removal wax market and is anticipated to maintain its leading position during the forecast period. This is due to the growing consumers interest in grooming along with their high purchasing power which enables them to afford expensive hair removal products hence making North America the key contributor in the global market. Moreover, Asia-Pacific is projected to do the highest growth during the hair removal wax market analysis.
Major Companies leading the hair removal market are:
Marzena Body Care Inc
Church & Dwight Co. Inc. (Nair)
Reckitt Benckiser Group PLC
American International Industries (GIGI)
Filo Bianco S.R.L
Starpil Wax Co., and Daughters
The Darent Wax Company Ltd
Scope of the Report
The global hair removal market segmentation focuses on Type, Gender, Distribution Channel, and Region.
Segmentation on the basis of types
Premade Wax Strips
Segmentation on the basis of Gender
Segmentation on the basis of Distribution Channel
Online Sales Channel
Segmentation on the basis of Region
Rest of Western Europe
Rest of Eastern Europe
Australia & New Zealand
Rest of Asia Pacific
Middle East & Africa (MEA)
Rest of MEA
Rest of South America